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'Companies are artificial. They need internal rules that assist in both procedural and substantive functions. Members of a company can enforce their rights under the

'Companies are artificial. They need internal rules that assist in both procedural and substantive functions. Members of a company can enforce their rights under the company's constitution and replaceable rules. Members are entitled to rely on the company functioning in accordance with its internal rules.' Explain if you agree with the above statement and why. Give reasons for your views, including reference to cases and/or legislation as relevant to your argument.

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